By Motolani Oseni
The equities market of the Nigerian Exchange Limited (NGX) on Thursday halted its negative outing to close the fourth trading session of the week with a market capitalisation gain of N25 billion.
At the close of yesterday’s trading activities, the NGX market capitalization stood at N26.782trillion, representing a 0.11 per cent increase from the N26.753trillion it closed at the end of the previous trading session as investors’ net worth improved by N25 billion in the session.
Similarly, the NGXASI gained 11bp to peg the All-Share-Index at 49,652.25bps as against its previous close of 49,599.73bps.
This outing fixed both the month-to-date and year-to-date performance of the All-Share Index (ASI) to -0.37 per cent and 16.24 per cent from their previous close of -0.40 per cent and 16.20 per cent respectively.
Analysis of the market data showed that the bulls’ camp took dominance over the market breadth with 20 counters in the gainers’ chart pitted against 9 counters in the losers’ chart.
For instance, ETRANZACT gained 9.81 per cent to become the best-performing stock in the session. It is flanked by ARDOVA, CHAMS, UBN, and FTNCOCOA as they populated the top five gainers’ chart. From the rear of the chart VITAFOAM, MULTIVERSE, CHAMPION, AFRIPRUD, and HONYFLOUR populated the top five losers’ chart.
Key sectoral indices closed in the same direction as the ASI, save NGXCG and NGX CNSMRGDS sectors which shed 0.01 per cent and 0.15 per cent respectively, while NGXGROWTH and NGX ASEM sectors closed flat.
Market activity as measured by the volume of trades improved in the session with daily traded volume standing at 161.882mn units, representing a 25.55 per cent uptick from a volume of 128.941mn units traded in the previous session.
The value of those traded stocks on the other hand dipped by 2.50 per cent in the session to stand at N1.626bn as against a value of N1.668billion recorded in the previous trading session.
TRANSCORP was the top traded stock by volume for the trading session. This is followed by FIDELITYBK, STERLNBANK, FCMB, and UBA to complete the list of the five most traded stocks by volume.
Regarding the value of the traded stocks, MTNN took the lead among the top five performers. It is flanked by ZENITHBANK, FIDELITYBK, GTCO, and lastly UBA.
Meanwhile, across the OTC market, the NASD Share Index waned by 1.26 per cent in the session to close at 755.50bps. This outing pegged the market capitalization at N994.50billion as investors lost N3.92billion.
Market activity as measured by both volume and value of trades dropped in the session as 55,526 shares were traded in 17 deals as against a volume of 10,274 units traded in 4 deals in the previous session, representing a 39.56 per cent downtick in the volume of trades as executed deals dipped by 20.00 per cent.
The value of those traded shares stood at N6.703mn representing a 19.71per cent drop from a value of N1.642 million recorded in the previous session.